What? This Guy Snatched Up 14,962 Domain Names In 24 Hours And Generates $400,000 Every Month?

Domain names are the real estate of the Web. Traditionally, Real Estate Agents buy and sell houses for a profit, and so as domain names buyers and sellers.

So what’s the difference between a Real Estate Agent and Domain Name Agent?

Entrepreneurial geeks register or buy domain names and resell them for a profit or park them to generate passive income from click-ads. Michael Mann is one of the successful examples of buying and selling domain names. According to Business Insider, his domain kick started in the late ’90s, when he paid $70 for Menus.com and was offered $50,000 to sell it.

Mann has since made a multi-million dollar business out of snatching up domains. He created BuyDomains and sold it to Highland Capital in 2005 for $80 million. His newest domain business, DomainMarket.com, generates $400,000 every month. Mann buys roughly 300 domains per day.

If you think this is a foolish way of making a living; then you don’t know jack about business and entrepreneurship. And you’re just a fool!